Traditional IRA contributions can be tax deductible or partially tax deductible based on MAGI. In 2014, an individual with a MAGI of up to $70,000 is eligible for at least partial deductibility. There are no income limits on who can contribute to a traditional IRA.
When the water heater breaks / leaks whatever the pressure tank is going to loose pressure telling the pump to come on and the pump will run continually as it can not build pressure to shut it off.
Another common reason for a water heater to start leaking is when the tank builds up too much pressure inside. When this happens, the excess pressure will force the water to leak out of the tank to reduce the pressure. This most commonly occurs because the temperature on the hot water heater is set too high.